Analysts at Evercore ISI started coverage on shares of F5 Networks (NASDAQ:FFIV) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set an “inline” rating and a $140.00 price target on the network technology company’s stock. Evercore ISI’s price objective would suggest a potential downside of 0.87% from the stock’s previous close.

A number of other brokerages also recently issued reports on FFIV. Credit Suisse Group upped their price target on F5 Networks from $188.00 to $191.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Barclays initiated coverage on F5 Networks in a report on Wednesday, August 7th. They set an “overweight” rating and a $160.00 price target on the stock. Piper Jaffray Companies upgraded F5 Networks from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $161.00 to $166.00 in a research report on Monday. Zacks Investment Research cut F5 Networks from a “hold” rating to a “sell” rating and set a $162.00 price objective for the company. in a research report on Monday, July 29th. Finally, Morgan Stanley upgraded F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price objective for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $162.99.

Shares of NASDAQ:FFIV traded down $0.06 during midday trading on Wednesday, reaching $141.23. 7,898 shares of the company’s stock traded hands, compared to its average volume of 632,715. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 2.03 and a beta of 1.06. F5 Networks has a one year low of $121.36 and a one year high of $199.71. The stock has a 50 day moving average of $134.42 and a 200 day moving average of $147.04.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, July 24th. The network technology company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.06). The business had revenue of $563.39 million for the quarter, compared to the consensus estimate of $556.15 million. F5 Networks had a net margin of 21.03% and a return on equity of 36.33%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 earnings per share. Equities research analysts anticipate that F5 Networks will post 8.22 EPS for the current fiscal year.

In related news, Director Alan Higginson sold 1,688 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $132.90, for a total transaction of $224,335.20. Following the completion of the sale, the director now owns 9,840 shares in the company, valued at $1,307,736. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chad Michael Whalen sold 331 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $135.69, for a total value of $44,913.39. Following the sale, the executive vice president now owns 1,628 shares of the company’s stock, valued at approximately $220,903.32. The disclosure for this sale can be found here. Insiders have sold 12,955 shares of company stock valued at $1,821,889 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of F5 Networks by 28.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,407 shares of the network technology company’s stock valued at $2,098,000 after purchasing an additional 3,196 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of F5 Networks by 6.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 25,128 shares of the network technology company’s stock valued at $3,659,000 after purchasing an additional 1,440 shares during the last quarter. Natixis lifted its stake in shares of F5 Networks by 59.1% in the 2nd quarter. Natixis now owns 158,205 shares of the network technology company’s stock valued at $23,039,000 after purchasing an additional 58,788 shares during the last quarter. Magnetar Financial LLC lifted its stake in shares of F5 Networks by 9.4% in the 2nd quarter. Magnetar Financial LLC now owns 2,837 shares of the network technology company’s stock valued at $413,000 after purchasing an additional 244 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of F5 Networks by 63.0% in the 2nd quarter. UBS Group AG now owns 175,626 shares of the network technology company’s stock valued at $25,577,000 after purchasing an additional 67,881 shares during the last quarter. 94.15% of the stock is owned by institutional investors.

F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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